The ANZ's 50 property investor no-go postcodes

The ANZ's 50 property investor no-go postcodes
Jonathan ChancellorMarch 16, 2016

The Australia and New Zealand Bank has a list of more than 50 postcodes, concentrated around Western Australia, Queensland and NSW mining towns, that it describes as "not acceptable" for providing lenders mortgage insurance.

The number of postcodes has increased from 30 in 2013. 

Last year June it emerged ANZ required a deposit of at least 30 percent for mortgages in 44 postcodes, including to reflect the “localised downturn in a small number of towns dependent on the mining sector”.

"We regularly review lending policies to ensure we are operating within our risk appetite and practising responsible lending for our customers," a spokesman told The Australian Financial Review this week.

 "There are no designated 'blackspots'," he added. The AFR published a selection of the 50 postcodes. 

 

PostcodeSuburbState 
2835BullaNSW 
2880Broken HillNSW 
2898Lord Howe IsNSW 
2899Norfolk IsNSW 
 853 Tindal NT 
 885 Alyangula NT 
 886 Jabiru NT 
 4745 Dysart Queensland 
 4717 Blackwater Qld 
 4413 Baking Board Qld 
 4415 Columboola Qld 
 4702 Alberta Qld 
 4680 Barney Point Qld 
 4719 Camboon Qld 
 4721 Argyll Qld 
 4744 Morambah Qld 
 4801 Hayman Is Qld 
 4803 Hamilton Is Qld 
 4804 Collinsvile Qld 
 5725 Olympic Dam SA 
 5722 Andamooka SA 
 5731 Bollards Lagoon SA 
 7470 Rosebery Tas 
 7467 Lake Margaret Tas 
 7151 Casey Tas 
 7257 Cape Barren Is Tas 
 3852 East Sale Victoria 
 6716 Fortescue WA 
 6751 Chichester WA 
 6760 Marble Bar WA 
 6429  Coolgardie WA 
 6718 Roebourne WA 
 6161 Rottnest Is WA 
 6430 South Kalgoorlie WA 
 6432 Boulder WA 
 6638 Cooladar Hill WA 
 6639 Sandstone WA 
 6710 Cane WA 
 6728 Camballin WA 
 6798 Christmas Is WA 
    
    
    
    
    
    
    
    
    
    

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Melbourne’s most popular suburbs for downsizing and rightsizing in 2024
Registrations of interest start at Aniko's Mermaid Beach precinct, The Landmark
From Mosman to Isle of Capri: Why Sydney buyers are heading to the Gold Coast
Brighton on the Park to offer Southport's largest apartments
Iris Capital reveals 71 Garfield, Surfers Paradise beachfront apartments